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updated βFunding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg Β· +$20000.00 turnover Β· funding never covers this cost
Funding ArbitrageLooking at price convergence? β /price-pair
Current Net APR Β· Snapshot
β3.97%
3d Period Avgβ9.32%
swingΒ±4.12%
LONG Hyperliquid Β· now
+10.96%
3d avg:+10.40%
SHORT LBank Β· now
+6.99%
3d avg:+1.08%
Entry Spread Now
β0.018%
Against youL ask 82,443 Β· S bid 82,428.6β$1.75 at entry
24h range β0.11%β¦+0.14% Β· median β0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.020%/taker0.060%
Loading Funding Historyβ¦
βTotal PnL
β$28.63
β0.29%
$Avg Daily PnL
β$2.50
β0.0250%
β
Best Day
+$0.31
Oct 9
βOpen Interest
Hyperliquid$1.59B
LBankββ‘Funding APR
β9.12%
annualized Β· funding only
β Execution Cost
β$21.13
entry + exit fees
β±Payback
never
to break even
β§24h Volume
Hyperliquid$3.63BLBank$575.30MLoading Cumulative PnLβ¦
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (β$21.13 for size $10,000). Slippage scales nonlinearly with position size β try a larger size to see thin upper levels run out.